Announcement

TDC: TDC A/S confirms that it received an indicative proposal which has been rejected

In response to recent articles in the media, TDC Group confirms that it received an indicative proposal from a consortium made up of PFA Pension and Forsikringsselskab, PKA, ATP and Macquarie Infrastructure & Real Assets Europe Limited involving a contemplated change of control of the company. Having reviewed the terms of the proposal, TDC Group’s Board of Directors concluded that it is not in the best interest of TDC’s shareholders and stakeholders and it has been rejected.

 

We are confident in the stand-alone prospects of TDC and convinced of the incremental value creation potential of the announced combination with MTG’s Nordic Entertainment & Studio division.

 

Consistent with TDC Group Board of Director’s fiduciary duties, TDC will always remain open to consider alternatives that deliver superior value to TDC's shareholders going forward.

 

For inquiries regarding the above please contact TDC Investor Relations, on +45 6663 7680 or investorrelations@tdc.dk.

This notification is made by Mads Julius Christensen, Treasury Analyst at TDC A/S

 

The information in this announcement does not contain or constitute an invitation or an offer to acquire, sell, subscribe for or otherwise trade in shares or other securities in MTG or TDC. This announcement has not been approved by any regulatory authority and is not a prospectus, accordingly investors should not purchase any securities referred to in this announcement based solely on the information in this announcement.

 

This announcement is not an offer of securities for sale in the United States. Securities may not be offered or sold in the United States unless they are registered or are exempt from registration under the U.S. Securities Act of 1933, as amended. Any public offering of securities to be made in the United States would be made by means of a prospectus that will contain detailed information about the issuer and its management, as well as financial statements. Copies of this announcement are not being, and should not be, distributed in or sent into the United States.